Interest Rates & Charges

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Savings

Summary Box
Account Name CASH ISA
We aim to give you sufficiently clear and relevant information, at the right time so that you can easily and quickly compare different savings products.
What is the interest rate?

We pay a variable rate of interest on this ISA, as shown in the table below

Cash ISA ANNUAL INTEREST MONTHLY INTEREST
Tax Free AER Tax Free AER
Balance £1+ 0.65% 0.65% 0.65% 0.65%

This rate will change to 0.40% with effect from 8th December 2016

  • * For the latest information about interest rates, please visit http://www.if.com/rates/default.aspx
  • * Interest is paid annually or monthly on the key date, which is a date that you can choose in line with the conditions. You must have the same key date for all the jars in your Intelligent Finance plan.
Can Intelligent Finance change the interest rate? Yes. We can move the interest rate up or down at any time. For example when the Bank of England base rate changes we will review our rates. We will tell you in advance, your conditions explain when and how we will do this.
What might the future balance be?

Below is an example of what the future balance might be, after interest has been paid.

Annual Interest Monthly Interest
Illustrative Initial Deposit Amount Tax Free Rate Illustrative balance after 12 months Tax Free Rate Illustrative balance after 12 months
£1,000 0.65% £1,006.50 0.65% £1,006.52

This example assumes that:

  • * You don't withdraw any money and interest isn’t paid out of the ISA.
  • * The interest rate stays the same.
  • * You make your initial deposit payment on the day you open the ISA and you don't make any further deposits.
How do I open and manage my account?
  • * You can open and manage your ISA by phone.
  • * You can only open an ISA in a sole name.
  • * You must be 18 or over and a UK resident for tax purposes.
  • * The minimum opening deposit is £1.
  • * The yearly ISA allowance applies, which means the maximum you can subscribe into a cash ISA is £15,240 in tax year 2016/2017 less any amounts invested in any combination of permitted ISAs within the same tax year. You can also transfer an existing ISA to us.
Can I withdraw money?
  • * Yes. You can make withdrawals from your account.
  • * If you choose to close the ISA and move the money to a non-ISA, the savings will lose their tax-free status. Tax treatment depends on your individual circumstances and may change in future.
Additional Information
  • • Tax free is the contractual rate of interest payable where interest is exempt from income tax.
  • • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.
Summary Box
Account Name ISAVER
We aim to give you sufficiently clear and relevant information, at the right time so that you can easily and quickly compare different savings products.
What is the interest rate?

We pay a variable rate of interest on this jar, as shown in the table below.

ISAVER ANNUAL INTEREST MONTHLY INTEREST
GROSS AER GROSS AER
Balance £1+ 0.50% 0.50% 0.50% 0.50%

This rate will change to 0.25% with effect from 8th December 2016

  • * For the latest information about interest rates, please visit http://www.if.com/rates/default.aspx
  • * Interest is paid annually or monthly on the key date, which is a date that you can choose in line with the conditions. You must have the same key date for all the jars in your Intelligent Finance plan.
Can Intelligent Finance change the interest rate? Yes. We can move the interest rate up or down at any time. For example when the Bank of England base rate changes we will review our rates. We will tell you in advance, your conditions explain when and how we will do this.
What might the future balance be?

Below is an example of what the future balance might be, after interest has been paid.

Annual Interest Monthly Interest
Illustrative Initial Deposit Amount Gross Rate Illustrative Balance After 12 Months Gross Rate Illustrative Balance After 12 Months
£1,000 0.50% £1,005.00 0.50% £1,005.01

This example assumes that:

  • * You don't withdraw any money and interest isn’t paid out of the jar.
  • * The interest rate stays the same.
  • * You make your initial deposit payment on the day you open the jar and you don't make any further deposits.
How do I open and manage my account?
  • * You can open and manage your jar online.
  • * This jar can only be opened in a sole name.
  • * You must be 16 or over and a UK resident.
  • * The minimum opening deposit is £1.
Can I withdraw money?
  • * Yes. You can make withdrawals from your jar.
  • * You can close your jar at any time.
Additional Information
  • • Gross rate means we will not deduct tax automatically from the interest we pay on money in your account. It is your responsibility to pay any tax you may owe to HM Revenue and Customs (HMRC).
  • • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.
Summary Box
Account Name Direct Access Savings
We aim to give you sufficiently clear and relevant information, at the right time so that you can easily and quickly compare different savings products.
What is the interest rate?

We pay a variable rate of interest on this jar, as shown in the table below.

DIRECT ACCESS SAVINGS ANNUAL INTEREST MONTHLY INTEREST
GROSS AER GROSS AER
Balance £1+ 0.05% 0.05% 0.05% 0.05%
  • * For the latest information about interest rates, please visit http://www.if.com/rates/default.aspx
  • * Interest is paid either annually or monthly on the key date, which is a date that you can choose in line with the conditions. You must have the same key date for all jars in your Intelligent Finance plan annually on the anniversary of the first deposit, or monthly on the first day of each month.
Can Intelligent Finance change the interest rate? Yes. We can move the interest rate up or down at any time. For example when the Bank of England base rate changes we will review our rates. We will tell you in advance, your conditions explain when and how we will do this.
What might the future balance be?

Below is an example of what the future balance might be, after interest has been paid.

Annual Interest Monthly Interest
Illustrative Initial Deposit Amount Gross Rate Illustrative Balance After 12 Months Gross Rate Illustrative Balance After 12 Months
£1,000 0.05% £1,000.50 0.05% £1,000.50

This example assumes that:

  • * You don't withdraw any money and interest isn’t paid out of the jar.
  • * The interest rate stays the same.
  • * You make your initial deposit payment on the day you open the jar and you don't make any further deposits.
  • * Interest is paid annually.
How do I open and manage my account?
  • * You can open and manage your jar online or by phone.
  • * This jar can be opened in sole or joint names.
  • * You must be 16 or over and a UK resident.
  • * The minimum opening deposit is £1.
Can I withdraw money?
  • * Yes. You can make withdrawals from your jar.
  • * You can close your jar at any time.
Additional Information
  • • Gross rate means we will not deduct tax automatically from the interest we pay on money in your account. It is your responsibility to pay any tax you may owe to HM Revenue and Customs (HMRC).
  • • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an AER, it makes it easier for you to compare what return you can expect from your savings over time.

Fees & Charges

Item Charge
Express Payment (also known as CHAPS) - same day electronic funds transfer between banks. £25.00
Copy statements £5.00

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